You could say that about a number of consolidation stories such as GXL and AUB. Private to public PE multiple aribitrage.
Instos are hungry for stable/defensive businesses with good growth prospects. They are paying 20 times for stocks they were unwilling to pay 8-10 times a few years ago. Nature of the market at the moment.
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Last
$1.17 |
Change
0.010(0.87%) |
Mkt cap ! $898.8M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.17 | $1.16 | $217.2K | 186.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 69077 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 21138 | 8 |
View Market Depth
| Last trade - 12.39pm 24/06/2025 (20 minute delay) ? |
| GEM (ASX) Chart |